In 1990, Gary Hamel and C.K Prahalad introduced the concept of core competencies. In short, they are
Fantastic news! We've Found the answer you've been seeking!
Question:
In 1990, Gary Hamel and C.K Prahalad introduced the concept of core competencies. In short, they are the main strengths or strategic advantages of a business. A core competency (1) is not east for competitors to imitate, (2) can be reused for many products and markets, and (3) must contribute to the benefits of consumers. Examples of core competences include reliable technical capabilities or a creative development culture.
a) How will core competencies affect the entry of a new firm into a market?
b) How will core competencies affect the long-term sustainability of a firms market advantage?
Related Book For
Operations and Supply Chain Management
ISBN: 978-1118738542
8th edition
Authors: Roberta S. Russell, Bernard W. Taylor
Posted Date: